If this was truly the case, why let it run until now?
PwC AJW liquidation needs to be completed.
Well, I can sort of understand why until now ... the convertible bonds didn't become due until this year.
All about the money owed and opportunity.
What tax benefits (in China) does he receive by running a current filing company in the US?
Tax benefits on Kiwa property and building.
Even if there are enough votes to increase the A/S why would Li do it now?
Pay off NIR debt.
Everything else has been done by the books, why would they issue shares under the table at this point?
KWBT had 20mil restricted shares last time I checked. Don't know if there's a conversion ratio to common.
I highly doubt that NIR Group while being wound up, would risk naked shorting a stock.
So would I, but do the ones supposedly watching care?
Could you imagine if they did under the belief that they would get their cheap shares?
NIR gets their shares at a deep discount, based on 20 day avg. share price.
Imagine that, NIR Group causing the biggest short squeeze in the history of pink sheets.
Or someone that knows the game...
IMO,
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